Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.15% | -0.08 | 1.23% |
| Return on Equity (%) | ▼ | 9.83% | -1.42 | 11.25% |
| Net Interest Margin (%) | ▲ | 4.76% | +0.45 | 4.31% |
| Efficiency Ratio (%) | ▲ | 59.68% | -0.42 | 60.11% |
| Pre-Provision Profit ($M) | ▲ | $32 | +8.76 | $24 |
| Cost of Funds (%) | ▼ | 1.70% | +0.04 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,654 | +2219.74 | $5,434 |
| Gross Loans ($M) | ▲ | $5,436 | +1803.94 | $3,632 |
| Loan Growth YoY (%) | ▲ | 84.83% | +5.37 | 79.46% |
| Total Deposits ($M) | ▲ | $6,332 | +1819.16 | $4,513 |
| Shareholders Equity ($M) | ▲ | $880 | +277.55 | $602 |
| Tang. Book Value ($M) | ▲ | $738 | +209.38 | $529 |
| TBV excl. AOCI ($M)** | ▲ | $795 | +218.13 | $577 |
| Loan / Deposit Ratio (%) | ▲ | 84.83% | +5.37 | 79.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.79% | +0.24 | 0.55% |
| Allowance / Loans (%) | — | 1.18% | -0.08% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 1.02% | +0.32 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.67% | -1.76 | 14.43% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▅▅█ | Net Interest Margin (%) | 4.06% | 4.06% | 4.12% | 4.31% | 4.29% | 4.41% | 4.49% | 4.76% |
| ▇▇▇██▁▃▇ | Return on Assets (%) | 1.14% | 1.08% | 1.16% | 1.23% | 1.31% | 0.28% | 0.55% | 1.15% |
| ██▇▁▂▄▂▁ | Efficiency Ratio (%) | 63.3% | 63.6% | 62.7% | 60.1% | 60.4% | 61.4% | 60.4% | 59.7% |
| ██▄▁▂▂▁▂ | Cost of Funds (%) | 2.04% | 2.02% | 1.78% | 1.66% | 1.68% | 1.70% | 1.61% | 1.70% |
| ▁▃▂▁██▆▆ | NPA / Assets (%) | 0.57% | 0.64% | 0.60% | 0.55% | 0.89% | 0.86% | 0.77% | 0.79% |
| ▂▃▂▁██▆▆ | Net Charge-Off Ratio (%) | 0.77% | 0.88% | 0.78% | 0.70% | 1.20% | 1.21% | 1.02% | 1.02% |
| ▁▂▂▂▃▅▆█ | Tang. Book Value ($M) | $462 | $500 | $505 | $529 | $535 | $615 | $640 | $738 |
| ▁▁▁▁▁▄▃█ | Gross Loans ($M) | $3,456 | $3,602 | $3,501 | $3,632 | $3,601 | $4,269 | $4,200 | $5,436 |
| ▁▁▁▁▁▄▄█ | Total Deposits ($M) | $4,364 | $4,390 | $4,483 | $4,513 | $4,280 | $5,180 | $5,182 | $6,332 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 18% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |